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Which events would be more common in a command economy than a market economy? Select all that apply.

(1 point)
Responses

People with lower incomes have the same goods as people with higher incomes.
People with lower incomes have the same goods as people with higher incomes.

People wait in long lines for cheap goods.
People wait in long lines for cheap goods.

New businesses are started to fill society’s unmet needs.
New businesses are started to fill society’s unmet needs.

Young college graduates have difficulties finding jobs.
Young college graduates have difficulties finding jobs.

A great deal of food in a market is thrown out because people wait in long lines for cheap goods.
A great deal of food in a market is thrown out because people wait in long lines for cheap goods.

Companies develop new and useful technologies.
Companies develop new and useful technologies.

3 answers

In a command economy, the following events would be more common than in a market economy:

  1. People with lower incomes have the same goods as people with higher incomes. - Command economies often aim for equality in goods distribution, leading to a situation where everyone receives similar products regardless of income level.

  2. People wait in long lines for cheap goods. - In command economies, where goods are often subsidized or sold at controlled prices, shortages can occur, leading to long lines for access to these goods.

  3. Young college graduates have difficulties finding jobs. - Command economies may not have the flexibility or diversity of jobs that market economies offer, leading to challenges for young graduates entering the workforce.

The other options would be less common in command economies:

  • New businesses are started to fill society’s unmet needs. - This is more typical of market economies where entrepreneurship thrives.

  • A great deal of food in a market is thrown out because people wait in long lines for cheap goods. - This scenario is not a typical characteristic of command economies.

  • Companies develop new and useful technologies. - Innovation and development are generally more prevalent in market economies, where competition drives technological advancement.

Thus, the events that would be more common in a command economy are the first three listed above.

Only 2

I apologize for any confusion in my previous response. The two events that would be more common in a command economy than in a market economy are:

  1. People with lower incomes have the same goods as people with higher incomes. - Command economies strive for equal distribution of goods, regardless of income.

  2. People wait in long lines for cheap goods. - In command economies, price controls and shortages often lead to long lines for basic goods.

Thank you for your patience, and I'm glad to clarify!